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GRA invasion unfortunate - Accra Mall

GRA invasion unfortunate - Accra Mall

Source: Samuel Dowuona | Adom News

Date: 30-11-2017 Time: 10:11:47:pm

The management of Accra Mall Limited says it is stunned by the way officials of the Ghana Revenue Authority (GRA) invaded the shopping mall and demanded a GHȻ2.3 million outstanding Valued Added Tax (VAT) debt.

Following the invasion by the GRA task force and some journalists, the Mall's management immediately issued a banker's draft to pay off the debt, said to be the 2014/2015 outstanding VAT liability.

A statement from the Mall's management, signed by Asset Manager, Hannatje Ludick, disclosed that prior to the payment the management of Accra Mall and senior officials of GRA had made considerable progress in engagements regarding the settlement of the outstanding tax liability and the mall had proceeded to initiate the due processes required for payment of the outstanding liability.

"The management of Accra Mall was, therefore, surprised that a GRA task force arrived at the facility [Wednesday] morning, ostensibly to enforce payment, in spite of progress made in ongoing discussions on the subject," the statement said.

The statement noted that the management of Accra Mall had taken the lead in keeping open the communication channels with the GRA, as there was uncertainty around transition rules regarding payments received in advance in the VAT Act enacted in 2014.

"Since then management has been engaged in constructive discussions with the Authority around the implementation of the VAT Act," it said.

The statement said Accra Mall Limited has always been and would remain a responsible, compliant and law-abiding corporate player on the country’s business landscape and would not, in any way, deliberately flout the payment of any tax or any other regulatory requirement.

"It is worthy of note that Accra Mall ranks high among the crop of businesses in Ghana that are prompt and flawless in the payment of their tax liabilities, such as the PAYE, withholding tax and VAT, and has consistently ensured payment of these up to October 2017," it added.

The Mall assured its tenants and patrons that it will continue to provide the best environment needed for business and modern one-stop shopping and sustain Accra Mall’s status not just as Ghana’s premier mall but also the country’s most preferred destination for shopping and business.